As public and parliamentary support for HS2 falls, surely it is only a matter of time before one of the parties changes their position. At the rate things are going, the debate may well descend into a race to see who will be the one to push the plans well and truly off the rails.
There are clearly lessons that Britain can learn from America, where President Obama has used fiscal policy to secure rather than strangle economic recovery. Since the autumn of 2010, the US has grown a staggering four times faster than the UK.
George Osborne may be right to boast that opposition to what he's doing is "crumbling", after Ed Balls agreed to work within the coalition's spending limits. The Chancellor would enjoy further clout after the IMF and OECD rallied behind his deficit reduction plan. But such groups have tended to be rather fickle in their support for the Chancellor. Osborne should beware relying on fairweather friends as justification for his economic agenda, as they can easily turn against him.
As the Shadow Chancellor, Ed Balls, noted, George Osborne spoke for over 50 minutes. This was a statement that was Budget-like in length. Combined with tomorrow's announcement on infrastructure expenditure it is looking Budget-like in scope too.
On Monday Ed Balls is expected to deliver a major speech setting out Labour's case on the economy ahead of George Osborne's spending review next month.
My, we are a gloomy lot. Last week, I discussed the possible impact of a triple-dip recession. Last Thursday's GDP figures suggest that Britain's economy has so far avoided this fate. However, it is also clear that the government's hopes of steady growth of 2 - 3% a year have yet to be realised. And YouGov research for the Resolution Foundation finds that five years of economic troubles have left a deep mark on public opinion.
An unprecedented triple-dip recession has been averted, but yesterday's lacklustre growth figures mean our economy is simply back to where it was six months ago. This continues the overall picture of a flatlining economy in Britain ever since George Osborne's last spending review. In fact, this is now the weakest recovery for over 100 years.
Now is the time for the Labour party to create a new discourse and move away from "the Reagan and Thatcher settlement" Ed Miliband knows that he cannot sit back and watch the Coalition unravel, but if he is to win the next election, he has to set out moral and ideological terms for the future of the party.
I am 100 per cent convinced that Ed Miliband has courage, conviction and passion like no prime minister, since Margaret Thatcher left Downing Street. In that sense, he is her heir.
A Department for Infrastructure should be created. This super ministry would provide more than leadership for spending departments. It could consolidate infrastructure resources and talent spread thinly through the rest of Whitehall.
Let's be clear about something. One of the very few of the nation's MPs who can walk through the Commons with his head held high is George Galloway. Consistently, and unwaveringly, this is a man who speaks truth to power, and has done regardless of any personal cost to himself.
The past five years of economic troubles have left their mark. There is no obvious end to them in sight. And these troubles are reflected in people's lives, not just GDP statistics. Graduates saddled with debt and finding it hard to get a decent job; couples waiting a decade longer than their parents to buy their first home, and so on. Long-term pessimism may be misplaced, but it is not surprising.
Our study does not call for Labour to make a cast-iron spending pledge but quite the opposite. Flexibility is one of the most important tools in a Chancellor's armoury and should not be cast away lightly. Look at George Osborne, who has trapped himself by committing too firmly to his own 2010 plans and will not change his mind 'when the facts change'.
Thatcher's legacy is potent and ironically it has the potential to win the Conservatives the next election. At this point Labour has very nearly left it too late to convince the public of a clear direction. The Conservatives can retro-fit her legacy to give their current policies some meaning and identity.
For me, and all his close friends, this is a moment of great sadness and sense of loss that he and Louise will not be round the corner on a Sunday evening for a cup of coffee, glass of wine or bowl of spaghetti bolognese. He has been one of the most significant figures in Labour politics for the last twenty years and so much of what Labour has achieved David has played a part in.
Why on Earth, a visitor from another planet might ask us, has an incompetent dilettante been made Second Lord of the Treasury? We'd have to admit it's because his equally inept chum from uni has been made First Lord of the Treasury. How silly would that make us look?